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GB Gambling Industry makes ₤ 16.8 bn in Year to March - Up 7.3%. The gaming market made ₤ 16.8 billion from customers in the year to March after paying any rewards - up 7.3% on the year before, official figures reveal. The Gambling Commission said the newest annual industry stats, which report on the customer-facing betting industry in Great Britain, showed the increase in "gross betting yield" (GGY) was largely driven by online betting, which had increased by more than ₤ 900 million to a yearly figure of ₤ 7.8 billion. In GGY terms, the remote gambling establishment, wagering and bingo (RCBB) sector made up 46% of the market in Great Britain, the regulator stated. BGC members produce ₤ 6.8 billion for the economy, contribute over ₤ 4 billion in tax and assistance 109,000 tasks, while sustaining local economies and sports Betting and Gaming Council spokesman The land-based sector had 29% of the market at ₤ 4.8 billion. Meanwhile, certified lottos including the National Lottery and society lottery games comprised 25% of the industry's GGY at ₤ 4.2 billion. The figures follow reports that the Chancellor might announce a boost to the rate of tax paid by bookmakers on all online profits as part of the Budget on Wednesday. The figures follow reports that the Chancellor could reveal an increase to the rate of tax paid by bookmakers on all online incomes (PA) Two prominent think tanks, the IPPR and SMF, have both advised that remote gaming responsibility (RGD), applied to online games of chance and the biggest of the duties because it is charged on the fast-growing online sector, ought to be more than doubled to 50%. A representative for the Betting and Gaming Council (BGC), which represents the betting industry, said: "The headline development in the betting and gaming market masks a blended picture.
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